BRUNSWICK, Maine — A Bath man who allegedly bilked a 90-year-old woman out of more than $44,000 has been ordered by the state to stop soliciting investments in his company.

Harold Walter “DJ” Maney III, doing business in Brunswick as Maney Enterprises Inc., was hired in 2010 to perform repairs on a Brunswick-area home, according to a release from Maine Securities Administrator Judith Shaw.

While completing the work, Maney convinced the elderly homeowner to invest $47,000 in Maney Builders to expand the business by adding towing services. In exchange for the investment, Maney guaranteed the homeowner a full return on her investment plus $9,000 in interest, Shaw said.

Maney provided the woman with a promissory note, but only made one payment on the debt, for $2,250, leaving an unpaid balance of $44,750 plus the promised interest.

Maney subsequently entered into a private agreement to repay the remaining balance, but he has since stopped paying, according to Shaw. The victim has filed a civil suit to enforce that settlement.

The Securities Administration attempted several times to serve Maney with notice of a hearing but never received a response, according to Shaw.

“This case is especially egregious, as the 90-year-old victim placed her trust in Mr. Maney,” Shaw said in the release. “Mr. Maney admitted to fabricating profitability projections and other documents to establish the legitimacy of his business to this consumer.”

The company advertised the investment opportunity on its website, according to Shaw, but at no time was the investment registered in Maine, as required by law.

Shaw advised people who have invested in Maney Enterprises Inc. not to invest additional money and to call the Office of Securities at (877) 624-8551, visit the office’s website or write to the Maine Office of Securities, 121 SHS, Augusta, ME 04333-0121.